A US trade court ruling declared most of the global tariffs imposed by the Trump administration illegal. This decision has significant implications for affected businesses, potentially leading to refunds and impacting national budgets. The ruling has sparked debate about the future direction of US trade policy and the balance of power.
US trade court ruled most of Trump's global tariffs illegal.
Affected businesses may receive refunds for wrongly levied tariffs.
The ruling raises questions about the future of US trade policy.
The ruling impacts the existing fiscal budget and congressional legislation.